Tank operators target cost cuts

Despite increases in both volumes moved and fleet utilisation rates, tank container operators cannot escape continued pressure on freight rates. Devoting yet more attention to reducing costs is the only viable option.

The newbuilding programmes of many of the leading tank con tainer operators over the past year show that it is not exactly an industry in the doldrums. Stolt, for example, added 600 new units to its fleet, Bertschi 500 and Newport 300. Hoyer has added 2000 new tanks over the last two years....

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This complete item is approximately 2300 words in length, and appeared in the December 2005 issue of WorldCargo News, on page 31.

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